Self employed health insurance premiums

[kenbruno]

I have TT Home and Business pc version.

Where do I enter self employed health insurance premiums and health insurance expenses?

When I select Less common business situations/Self-employed Health Insurance/update, my only option is to hit continue, which then takes me back to the previous page.  I am never prompted to enter any expenses?

Thanks,

Ken

[Vanessa A]

You will deduct this in the Business expenses section.  When you are in your business profile select the following:

1. Business Expenses
2. Other Common Business Expenses
3. Start next to Insurance Payments.

 

[VolvoGirl]

That sounds right.  You should call support.

Where to enter Self Employed Health Ins.  (For Online you need the Premium version).

https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-my-health-insurance-premi...

For your own health insurance you need a Net Profit of Schedule C .  And it does not go directly on Schedule C so it won’t reduce your Schedule C profit or the self employment tax.

If your health ins exceeds your net self-employment income it gets split. An amount equal to your net self-employment income goes on Form 1040 Schedule 1 line 17 (to 1040 line 10) and the remainder gets added in to medical expenses on Schedule A.